UK grant funding
The UK grant funding landscape is diverse, and schemes are available from the UK Government for innovative projects and companies of all shapes, sizes, and sectors.
The primary grant funding stream for business-led R&D projects is via Innovate UK, which offers innovation grants to SMEs, including start-ups, and large companies in both individual and collaborative projects. SMEs or large companies leading collaborative projects can also involve supply chain partners, universities, and other research organisations in their grant-funded innovation projects.
European (EU) grant funding
Horizon Europe is the European Union’s research and innovation framework programme for 2021–2027. With a budget of €95.5 billion, it aims to support cutting-edge research, innovation, and technological development across Europe.
The UK rejoined the Horizon programme in September 2023. UK businesses and researchers can apply for grants under the Horizon programme with certainty that the UK will participate as a fully associated member for the remaining life of the programme until 2027.
Horizon Europe funding competitions range from smaller innovation grants aimed at SMEs to more extensive consortium grants, involving business-research collaborations across multiple European countries.